Federal Reserve governor Lisa Cook has filed a lawsuit against Donald Trump’s move to fire her, kicking off a landmark legal battle with sweeping implications for the independence of the world’s leading central bank.
Cook on Thursday filed a lawsuit against the US president in federal court in Washington, alleging Trump’s actions infringed on her constitutional rights and US law. The suit came after Trump said on Monday that he was sacking her immediately over claims she lied on mortgage applications.
“This case challenges President Trump’s unprecedented and illegal attempt to remove Governor Cook from her position which, if allowed to occur, would the first of its kind in the Board’s history,” the lawsuit said.
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